How Pfizer Missed an Opportunity With Its Q3 Results

You might think that Pfizer (NYSE:PFE) would be a hot stock right now. After all, the market is still booming. Pfizer stands as a clear leader in the coronavirus vaccine race. Instead, the drugmaker's shares are down year to date.

Pfizer had an opportunity for a positive catalyst when it announced third-quarter results before the market opened on Tuesday. However, the company didn't capitalize on that opportunity. Here are the highlights from Pfizer's Q3 update.